he Effects of Capital Investment Announcement on Customers and Suppliers
Date Issued
2006
Date
2006
Author(s)
Lin, Ying-Ching
DOI
en-US
Abstract
We examine the effects of announcing firm’s capital investment announcement on their customer industry and supplier industry. Our results show that main customer and dependent customer gain significant positive average returns. This result suggests that the positive contagion effect dominates the negative monopolistic effect. Besides, main supplier earns significant positive median return and dependent supplier suffers significant negative mean and median returns. The result indicates that the positive contagion effect dominates the negative buying power effect on main supplier, and dependent supplier suffer more negative buying power effect; even make negative buying power effect dominate positive contagion effect.
Subjects
資本投資
上下游
capital investment announcement
customers
suppliers
Type
thesis
File(s)![Thumbnail Image]()
Loading...
Name
ntu-95-R93723053-1.pdf
Size
23.31 KB
Format
Adobe PDF
Checksum
(MD5):c37bc272a94fd48264882c41f3642d48